Savannah Resources (LON:SAV) has been retained to Speculative Buy in a statement by Beaufort Securities today.

Yesterday Savannah Resources (LON:SAV) traded 4.29% higher at 4.33GBX. The company’s 50-day moving average is 4.05GBX and its 200-day moving average is 3.35GBX. The last closing price is up 26.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 4,948,466 shares of the stock were exchanged, up from an average trading volume of 2,036,380

Beaufort Securities has retained Savannah Resources (LON:SAV) to Speculative Buy in a report released on Tuesday October 11, 2016.

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Savannah Resources has a 52 week low of 1.28GBX and a 52 week high of 4.84GBX Savannah Resources’s market capitalization is currently 0 GBX.

In addition to Beaufort Securities reporting its target price, a total of 1 firm has reported on the stock. The consensus target price is 4.90GBX with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Savannah Resources (LON:SAV)

Savannah Resources Plc is a United Kingdom-based multi -commodity and multi-geographic development company. The Company's principal activities include the exploration for copper in Oman and enhancement of the Company's heavy mineral sands Project in Mozambique. The Company's segments include Oman Copper, Mozambique Mineral Sands, Headquarter administration and corporate, and Investments. The Company is developing its copper and gold portfolio in Oman towards production (Block 4, 5 and 6). The Company is advancing its Jangamo/Mutamba Heavy Mineral Sands Project in Mozambique. The Company has rights to approximately three blocks covering over 1,270 square kilometers in the Semail Ophiolite belt in the Sultanate of Oman. The three blocks are located approximately 180 kilometers northwest of Muscat, Oman. The Company's high priority areas include the Mahab 4 and Maqail South deposits in Block 5, and the Aarja and Bayda and Lasail deposits in Block 4.